David started a business establishment by investing Rs 15000. After 4 months William entered into a partnership by investing a certain amount. At the end of the year the profit was shared in the ratio 9 : 8. Find how much money was invested by william in Rs
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Solution
Let william invested Rs.x Profit sharing ratio = 15000×12:8x=1,80,000:8x Also profit ratio = 9:8 ∴180000:8x=9:8 ⇒180000×89×8=x⇒x=Rs.20,000